Fictitious Assets Meaning

Fictitious assets are those assets which are created or brought into accounts books by accounting entry, in other words these assets are not tangible assets in the sense that fictitious assets cannot be seen and also fictitious assets have no real value unlike intangible assets like goodwill which have value attached to them. Some Examples of fictitious assets are Discount which is given by the company when it issue shares, Preliminary expenses etc….

5 comments… add one
  • Nikhil

    Good Job !!

  • sumithra

    Good. Examples are so usefull.

  • Preko Isaac Boateng

    great job and keep it up, you’ve made my work and learning process easy.

  • Raj Agarwal

    Please,can you give some examples of those fictitious assets.

  • praveen kumar

    Good, , it’s helpful to basic learner

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